Posted 3/6/2024, 11:00:29 PM
Bitcoin Hits New High of $69K, Poised for More Gains on Scarcity and Growing Adoption
- Bitcoin has reached a new all-time high price of $69,170, continuing a 400% rally since 2022 lows
- Bitcoin ETFs have seen huge success, bringing in major institutional investment and validation
- Upcoming Bitcoin "halving" will reduce supply, while ETF demand stays high, likely pushing prices up further
- Analyst expects "break-out" Bitcoin price surge in 2024 as adoption increases
- For stock investors, recommends gaining Bitcoin exposure via miners Riot Platforms and CleanSpark which offer higher upside